Kinzie and Spinelli founded Present Value in 2006. They are both experienced appraisers themselves, certified through the National Equipment & Business Builders Institute (NEBBI) as Certified Machinery & Equipment Appraisers (CMEA). Additionally, they are both certified through the International Society of Business Analysts as Certified Senior Business Analysts (CSBA).

EquipNet’s President and Chief Operating Officer, Roger Gallo, is excited about the opportunities the merger presents. “Acquiring Present Value allows EquipNet to provide our clients with a wider array of appraisal services,” explains Gallo.

“Not only will we have a global network of on-staff equipment appraisers with expertise in all the industries we serve — pharmaceutical, biotech, chemical, and consumer processing and packaging,” says Gallo, “But in the future, we’ll be able to offer our clients business valuations and real estate appraisal services, as well.”

With the merger, Kinzie has become EquipNet’s new Director of Appraisal Services. Spinelli will head up EquipNet’s Category Management Department, bringing his knowledge and understanding of appraisals to enhance EquipNet’s specification gathering and valuation methodology.

Roger Gallo and Christopher Kinzie recently sat down to discuss the acquisition and what it will mean to EquipNet and Present Value customers. Check out the video. .

While lenders and business owners have many choices when it comes to finding an appraisal company, at Present Value, we pride ourselves on being more than just a company that provides appraisals: we act as a trusted resource for lenders and business owners. We can act as consultants to help guide our clients as they make crucial business decisions, whether it be a lender, looking to conduct pre-loan due diligence or auction assets from a loan default, or a business owner, looking to obtain financing or make an acquisition.

In addition to providing appraisal services, Present Value has the expertise and experience to orchestrate other aspects of these deals. The strength of our services comes from the partnerships that we have developed all across the country. We have the capabilities to bring the right people to the table for whatever our clients’ needs may be, such as auctioneer services or brokerage services. We aim to be problem-solvers for each and every one of our clients, helping them make well-informed business decisions.

Present Value prides itself on its turnkey service offerings, and Present Value is happy to act as a resource for its clients as they cope with past mistakes and look toward improving their processes. Our network of professionals will always deliver the highest quality products, backed by a team of experts in their individual market segments.

By: Present Value

As part of the pre-loan process, lenders need to ensure that their investment is sound and that they can recoup their money should a client default on a loan. This is where a certified appraisal becomes important. “Hiring an appraiser can reduce a lender’s liability,” said Chris Spinelli, Present Value co-founder. “We’ve heard horror stories about lenders who did not do appropriate research, which resulted in liquidation and huge losses for the lender.”

An appraiser helps a lender make better, more informed lending decisions by evaluating the equipment a loan recipient wants to buy and providing the lender with an accurate appraisal. Of the many types of equipment values an appraiser can provide, the ones that are most important in a default situation, and currently the most requested, are the fair market, the forced liquidation, and the orderly liquidation values. With a certified appraisal in hand, the lender can make an educated loan decision based, in part, on these three values. 

Present Value prides itself on its turnkey service, and is happy to act as a resource for its clients as they cope with past mistakes and look toward improving their processes. “Lenders turn to us because we know their business,” said Kinzie. “Our experience and our understanding of their needs allow us to act as consultants. And we help them achieve great results.”

Read the full text of this press release here.

By: Present Value